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Corporate Governance

  • CVS acquires regional chain

    CVS Pharmacy has expanded its footprint in Illinois.

  • Convenience store retailer’s Q4 misses Street

    Despite 16 consecutive years of positive same-store sales growth among key categories, Casey’s General Stores’ top and bottom line revenues missed the mark in the fourth quarter.  

  • Online giant takes on Walmart with big Prime discount

    The battle for low-income shoppers is heating up.    Amazon announced that individuals participating in government assistance programs can sign up for Amazon Prime membership at the discounted rate of $5.99 per month. The regular annual membership for Prime is $99 per year, or $10.99 a month for those who prefer to pay on a monthly basis.  

  • Accenture: Digital innovation to drive trillions of dollars in value

    Retailers could unlock $2.95 trillion in value over the next decade simply by investing in transforming, digitally driven business models.   

  • OKC Outlets names new general manager

    Mall management veteran Jeannette Smith has been named general manager of OKC Outlets, which changed hands last month.   CBL sold the former Outlet Shoppes at Oklahoma City to The Outlet Resource Group and Singerman Real Estate in May for $38 million. The new owners changed the center’s name to OKC Outlets in a RECon show ceremony presided over by Oklahoma City Mayor Mick Cornett.  

  • Walmart launches automated grocery kiosk

    Walmart is once again raising the stakes in the online grocery game.   In another move that takes a direct hit at AmazonFresh Pickup, the discounter quietly began testing an automated kiosk at a single store in Oklahoma. The 20-ft.-by-80-ft. kiosk, which resides in the parking lot at the Walmart Super Center in Oklahoma City, is fulfilling hundreds of grocery orders placed by customers who shop online or through their mobile browser, according to The Oklahoman.  

  • Grocery drives new developments in Chicagoland

    New shopping center development in the Chicago metropolitan area will barely top 1 million sq. ft. in 2017, a nearly 50% plunge from just two years ago, according to Mid-America Real Estate Corporation.   “While new construction is not as robust as previous years, adaptive reuse of existing retail space continues to offer an opportunity for expanding retailers,” said Andy Bulson, the company’s director of suburban tenant representation.   Where new GLA does appear, reveal

  • Sears makes amends with top supplier

    The public feud between Eddie Lampert, chairman and CEO of Sears, and a top supplier seems to have been resolved.   In his May 15 blog, Lampert took aim at some of the chain’s vendors in a blog post. It read:  

  • Meijer plans for first small-format grocery store

    Meijer plans to open its smallest urban store yet — but with a twist.   The Grand Rapids, Michigan-based grocer’s newest store will be nearly 30,000 sq. ft., but it won’t feature the Meijer moniker. Instead, the store will go by the name, Bridge Street Market. Construction begins in July, and is expected to be open for business in the early fall of 2018.  

  • Macy’s warns profit margins are shrinking

    Already navigating tumbling sales, Macy’s is preparing for even tighter margins.   At the company’s annual investor day, Macy’s CFO Karen Hoguet said that second-quarter gross margins are running about 1 percentage point below what they were last year. The company is slashing costs in a bid to maintain its earnings forecast, which it reaffirmed on Tuesday, according to Bloomberg.  

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